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LATEST

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Emerging Markets

Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo

The Rio Times · 2h ago · 🇧🇷 Brazil

Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo

Nigeria · DEALS Key Facts —The institution: First Bank of Nigeria was founded in 1894 and now operates under the holding company First HoldCo Plc, renamed from FBN Holdings in 2025. —Otedola’s stake: By late July 2025, Femi Otedola held 25.87 percent of First HoldCo, or 11.76 billion shares, after spending nearly 300 billion naira […] The post Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo appeared first on The Rio Times .

Read the full story at The Rio Times →

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